Blockchain-based Data Exchange Platform, VeriSmart has announced the acquisition of Delhi-based Conversational AI platform, DolphinChat (Formerly CivilCops). VeriSmart will be investing Four million US Dollars in the DolphinChat platform over the next 24 months. DolphinChat’s core team will be joining VeriSmart. “DolphinChat platform will get access to millions of consumers that are part of VeriSmart’s industry consortiums.…
Maitreya Capital & Business Services Pvt. Ltd. (Maitreya), one of the pioneering MSME-focused NBFCs, has acquired a 50% share in Paythrough Softwares and Solutions Pvt. Ltd. (Paythrough), the company which has developed the ‘Nagad Neo-Banking Platform’ for enabling smaller communities with a comprehensive MSME solution. The partnership with Maitreya facilitates the expansion of Paythrough’s agent…
STL, one of the industry’s leading integrators of digital networks, announced its divestment of Impact Data Solutions Limited (IDS), UK, as a part of its consolidated strategy to focus on its core business segments of optical solutions and global services. With a strategic intent to play to its core, STL will sell its equity in…
Digital banking infrastructure provider Signzy said it has raised Rs 210 crore (about $26 million) from Gaja Capital and its existing investors, Vertex Ventures and Arkam Ventures, according to IANS report. The Bengaluru-based fintech company would use fresh funds to boost its product portfolio towards a greater adoption of its platform by the global banking and financial services…
Radian Mobility, a health tech company based out of Mumbai, focusing on enhancing mobility awareness through adherence in the physiotherapy and preventative fitness sector has raised USD 300,000 in its maiden raise from a large US family office. Radian was set up by CEO Jamshid Pandole, a twenty-two-year financial veteran and avid athlete, and CTO…
Samvardhana Motherson Automotive Systems Group BV (SMRPBV), through its Vision systems division, has entered into an agreement with Ichikoh Industries (a subsidiary of Valeo SE) in Japan to buy 100% stake of its mirror business at an Enterprise Value of JPY 5.2 Bn. The transaction includes Ichikoh’s mirror business (development and manufacturing of automotive mirrors…
True Global Ventures 4 Plus Fund and Follow On Fund (TGV 4 Plus FoF) announced a total investment of US$38m including a US$16m bought from the secondary market. TGV has previously communicated an investment of US$17m, this means that we have invested an additional US$21m. Animoca Brands recently raised a US$110m convertible led by Temasek, Bayou…
Kirloskar Industries Limited (KIL), made an announcement of the proposed divestment of its 17.41% stake in Swaraj Engines Limited (SEL) to Mahindra &Mahindra Limited (M&M) on September 21, 2022. The divestment is proposed through inter-se transfer amongst the promoter through off-market transaction under Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations,…
Reliance New Energy Limited (RNEL), a wholly owned subsidiary of Reliance Industries Ltd (Reliance), has signed definitive agreements to invest in Caelux Corporation (Caelux), a company headquartered in Pasadena, California, in the United States of America, engaged in the development of perovskite-based solar technology. RNEL will invest USD 12 million to acquire 20% stake in…
Binocs, the crypto taxation and Web3 portfolio tracking platform, announced raising $4 million in its seed round from global institutional investors led by BEENEXT, along with Arkam Ventures, Accel, Saison Capital, Premji Invest, Blume Ventures, and Better Capital. The company is also backed by several stellar crypto-native angel investors from the US and India. Binocs,…
Audio streaming startup Kuku FM announced it has raised $21.8 million in funding led by Nandan Nilekani’s venture fund Fundamentum Partnership, according to ETtech report. Kuku FM is Fundamentum’s first investment from the recently launched $227-million second fund. ET had reported last month that the new fund was primarily sourced from local entrepreneurs and their…
With over 70 years of experience in the local and international market, the Swiss-born engineering company Pini Group has now acquired Geodata – a geoengineering company founded in Turin in 1984 and active in 20 countries, with subsidiaries in Italy, Algeria, Argentina, Australia, Bolivia, Brazil, Canada, Chile, Ecuador, Greece, India, Malaysia, Nepal, Portugal, Peru, and Turkey, which is mainly involved in underground and hydro-related…
Harappa Learning – part of Asia’s largest higher edtech company upGrad, today unveiled plans to create a one-of-its-kind Leadership School to build the Owners & top management of tomorrow. Pramath Raj Sinha, Founding Dean of ISB & Chairman of Harappa Education and someone who has transformed management education, will lead this initiative that commits to training over 50,000 working…
Kirloskar Oil Engines Limited (KOEL), a leader in the manufacturing of diesel engines, agricultural equipment, and generator sets with a sizable presence in international markets, announced that it will acquire balance stake in La-Gajjar Machineries Private Limited (LGM), Ahmedabad. KOEL had acquired 76% stake in LGM in the year 2017 with an agreement that the…
IDP Education announced its intention to acquire Intake Education, a leading international education organisation, into its global team. Culturally aligned, IDP and Intake are united by the quality support they provide international students, and the leading services they provide institution partners, a statement said. Intake brings to IDP three decades of industry leadership in the…